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Samson Investment withdraws $1 billion term loan from market
By Sara Rosenberg
New York, Sept. 30 - Samson Investment Co. removed its $1 billion senior secured covenant-light term loan due Sept. 25, 2018 from the market, according to a market source.
The term loan was talked at Libor plus 400 basis points with a 1% Libor floor, a par offer price and 101 soft call protection for six months.
Credit Suisse Securities (USA) LLC was the lead bank on the deal.
Proceeds were going to be used to reprice the company's existing term loan from Libor plus 475 bps with a 1.25% Libor floor.
Samson is a Tulsa, Okla.-based private exploration and production company.
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